TD Asset Management Inc Decreases Position in monday.com Ltd. $MNDY

Key Points

• TD Asset Management Inc has reduced its stake in monday.com Ltd. by 2.6%, now owning approximately 0.17% of the company, valued at around $26.9 million.
• Several institutional investors increased their holdings in monday.com, with Rubicon Global Capital Ltd raising its position by 155.3% during the second quarter.
• monday.com reported better-than-expected quarterly earnings, with $1.09 EPS surpassing estimates of $0.84 EPS, and a revenue increase of 26.6% year-over-year.

TD Asset Management Inc decreased its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 2.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 85,606 shares of the company's stock after selling 2,259 shares during the period. TD Asset Management Inc owned about 0.17% of monday.com worth $26,921,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Rubicon Global Capital Ltd grew its stake in monday.com by 155.3% in the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company's stock valued at $453,763,000 after acquiring an additional 877,700 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of monday.com by 102.5% in the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock valued at $408,999,000 after purchasing an additional 851,231 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of monday.com by 45.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company's stock worth $583,969,000 after purchasing an additional 745,686 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in shares of monday.com during the 1st quarter worth approximately $115,744,000. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of monday.com by 98.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company's stock worth $224,759,000 after purchasing an additional 458,794 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Trading Up 2.6%

monday.com stock opened at $181.58 on Friday. The firm has a market capitalization of $9.22 billion, a P/E ratio of 245.38, a PEG ratio of 8.36 and a beta of 1.24. The stock has a fifty day moving average price of $188.04 and a 200 day moving average price of $247.61. monday.com Ltd. has a 52 week low of $166.22 and a 52 week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.25. The firm had revenue of $299.01 million for the quarter, compared to analyst estimates of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The firm's quarterly revenue was up 26.6% on a year-over-year basis. During the same period last year, the company earned $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Robert W. Baird dropped their price target on monday.com from $310.00 to $240.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Oppenheimer assumed coverage on monday.com in a research report on Wednesday, August 27th. They set an "outperform" rating and a $300.00 price objective for the company. KeyCorp restated an "overweight" rating and issued a $330.00 target price on shares of monday.com in a report on Monday, August 11th. UBS Group decreased their price target on shares of monday.com from $310.00 to $215.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 12th. Finally, Wells Fargo & Company began coverage on shares of monday.com in a research report on Tuesday, September 30th. They issued an "overweight" rating and a $260.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, monday.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $290.81.

monday.com Profile

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.

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